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Telenet CEO confirms interest in Voo

2018-04-16 09:03:00| Telecompaper Headlines

(Telecompaper) Telenet has confirmed it's interest in expanding further in the south of Belgium. CEO John Porter told newspaper L'Echo the company has met with Voo's owner Nethys "recently" and sees the Wallonia cable operator valued at EUR 1.0-1.3 billion. 

Tags: interest ceo confirms telenet

Category:Telecommunications

Open Fiber approves EUR 3.5 bln funding deal for broadband rollout

2018-04-16 08:41:00| Telecompaper Headlines

(Telecompaper) The Open Fiber wholesale-only venture of Italian utility giant Enel and state lender Cassa Depositi e Prestiti (CDP) announced the signing of a EUR 3.5 billion seven-year agreement with a number of banks to support its broadband rollout, confirming earlier reports. The company signed the project finance deal with BNP Paribas, Societe Generale and UniCredit, describing it as one of the largest agreements of its type at a European level in the telecommunications sector.

Tags: open eur deal funding

Category:Telecommunications

Last week in telecoms: Russian shares under pressure, Intelsat leaps to lead the sector YTD

2018-04-16 07:30:00| Telecompaper Headlines

(Telecompaper) Intelsat (+36%) made a big leap last week on news of a capacity deal with Vodacom. The heavyweights of the European telecoms sector, had a positive week with a1.4 percent gain for Vodafone and +3.7 percent for Deutsche Telekom. The four Russian shares in our index on the other hand suffered heavy losses: Rostelecom (-6%), VEON (-11%), MTS (-12%) and MegaFon (-17%). Greek takeover target Forthnet (-19%) could not hold on to the previous week's gains. Overall, our telecoms index ended week 15 up slightly (+0.4%), versus a gain of 1.2 percent for the EuroStoxx 50 index.

Tags: week lead pressure russian

Category:Telecommunications

Avast plans IPO in London, proceeds reported to reach USD 1 bln

2018-04-13 09:47:00| Telecompaper Headlines

(Telecompaper) Consumer antivirus supplier Avast Software said it hopes to list its share on the London Stock Exchange in early May, Reuters reported. The company said it will apply for the listing, which it hopes will raise USD 200 million in primary proceeds through the free float of at least 25 percent of its share capital. 

Tags: plans london reported reach

Category:Telecommunications

KPN announces 4 field trials for 5G services

2018-04-12 16:12:00| Telecompaper Headlines

(Telecompaper) Dutch operator KPN announced the opening of four test labs with partners to work on 5G development based on 3GPP standards. These are the Dutch operator's first major announcements on 5G. The trial locations are the Johan Cruijff Arena in Amsterdam, a farm in the northern town of Valthermond (Drenthe), the port of Rotterdam, and two motorway stretches in the south of the country. 

Tags: services field trials announces

Category:Telecommunications

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